Endorsement: Capitalism Without Capital: The Rise of the Intangible Economy, by Jonathan Haskel and Stian Westlake “is one of this year’s most important and stimulating economic reads.” (Marginal Revolution)
Quote of the Day
"The two strongest forces in investing are “This investment looks broken because that’s how opportunity presents itself” and “This investment looks broken because it’s actually broken.” It’s hard to tell the difference in real time."
(Morgan Housel)
Strategy
- The best traders are trading for more than just money. (traderfeed.blogspot.com)
- Do less, in a disciplined fashion. (pragcap.com)
Hardware
- The Bose QC35 wireless headphones are now on sale. (amazon.com)
- Buy two or more Echo Show devices and receive $100 off your order with code SHOW2PACK. (amazon.com)
Companies
- Is Altaba ($AABA) trading at too big a discount to its NAV? (barrons.com)
- After a rough couple of years Carlyle Group ($CG) looks cheap. (barrons.com)
Companies
- At today's prices you are betting on Apple ($AAPL) coming up with a whole new product cateogry. (contrarianedge.com)
- Apple TV is too darn expensive. (fastcompany.com)
- The path to iPhone 8 has been rocky. (wsj.com)
- Why Apple Music is doomed to second-class status. (lefsetz.com)
- The new Apple Watch will have LTE capabilities. (barrons.com)
Amazon HQ2
- How HQ2 is going to change the city it invades. (businessinsider.com)
- How Denver came out on top of this ranking for the new Amazon ($AMZN) HQ2. (nytimes.com)
- The case for Chicago isn't ironclad but it is pretty good. (americaninno.com)
Cryptocurrencies
- A deep dive into the blockchain rabbit hole. (allaboutyourbenjamins.com)
- Coindesk readers think crypto is in a bubble. (businessinsider.com)
- Open a Coinbase account, trade $100 in crypto and get $10 in Bitcoin free. (coinbase.com)
Ray Dalio
- Ray Dalio on "maintain humility, study history, learn from mistakes and test investment ideas." (mastersinvest.com)
- See Ray Dalio's TED Talk on building a truth-telling organization. (ted.com)
- Shane Parrish says "Principles: Life and Work" is "One of the most interesting books I've read in a long time." (mailchi.mp)
- Pre-order "Principles: Life and Work" at Amazon. (amazon.com)
Hedge funds
- Ray Dalio's Bridgewater Associates is poised to launch a huge new fund in China. (wsj.com)
- Seth Klarman is returning some capital to investors. (bloomberg.com)
Economy
- What CEOs had to say about the economy this week. (avondaleam.com)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
- 2000 years of economic history in one chart. (visualcapitalist.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Longform links: better-paying jobs. (abnormalreturns.com)
Mixed media
- Mother Nature never intended for South Florida to be densely populated. (politico.com)
- Tampa Bay is not as prepared as it could be for a hurricane. (washingtonpost.com)
- Phil Magness, "Houston’s flood problems are a distinctive feature of its topography and geography, and they long predate any “sprawl.” (philmagness.com)
- Why we still rely on radios during emergencies. (theverge.com)
